As we’ve stated on countless occasions within this blog, CMEAs are required to adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). This ensures that any appraisal report you receive from a CMEA will be irrefutable, defensible, and withstand scrutiny. But just because NEBBI lives in a USPAP world, we acknowledge that there are […]
Let’s say you ordered an appraisal of your machinery and equipment. You hired a certified appraiser who put together a detailed report of the value of your items, along with supporting documentation and how they were able to derive the value. But what if you disagree with the appraiser’s opinion. Is it set in stone? […]
There are many reasons why business owners hire licensed appraisers to handle their machinery and equipment appraisals. A certified appraisal, which only a licensed appraiser can perform, is not only USPAP-compliant, but it will stand up to scrutiny by peers, the IRS, and the courts. More important than any of that, however, is that a […]
One of the biggest mistakes you can make prior to a machinery or equipment appraisal is not preparing properly for it. If you want to ensure that your appraisal comes in at the highest possible price point, preparation is key. Here are a few best practices that will help in this regard. Cleaning & Repair. […]
In a perfect world, a certified machinery and equipment appraiser shows up at a business or job site, performs an appraisal with no snags or hiccups, and delivers a detailed and USPAP-compliant report to the client. In the real world, however, there are so many variables that an appraisal almost always has a curveball or […]
We’ve blogged quite a bit about valuations and appraisals — who does them, why they’re important, and so forth — but we’ve never really broken the valuation process down step by step. So in case you’re curious, here’s how the magic happens. Step 1: Assessment This is where the appraiser identifies who the client is, […]
In the appraisal world, there are plenty of sister- and brotherhoods. At NEBBI, our focus is on machinery and equipment, but we have a close relationship with organizations and companies that appraise real estate, property, jewelry, antiques, and all sorts of other things for which people need to know the correct value. Those are just […]
Here at NEBB Institute, you may have noticed that we hammer away at the notion of making sure you use a certified appraiser for your appraisals. We speak of the dire consequences of using a non-certified appraiser, but perhaps a real-world example of what can happen is a much more effective red flag. A hospital […]
In any unregulated industry, there will always be people who claim to be competent professionals so they can make a quick buck. While the average Joe can’t just claim to be a brain surgeon or a pilot and get away with it, there are many folks who set up their own type of shop without […]
Late last month, a recording studio in New York City that had been put up for sale required an equipment appraisal to discern its value. Since a studio has so much specialized and custom equipment, a CMEA with some knowledge of and experience with the music industry was given the assignment. During the appraisal, the […]
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